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Samsung Loses Patent Lawsuit against Apple Even on Home Turf
No InnovationSamsung Electronics lost the second round of its lawsuit over patent disputes with Apple on its home turf. In the first round battle focusing on “standard patents” in August last year, the...
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Korea to Export 24 FA-50 Trainer Aircraft Worth US$1.1 B. to Iraq
Aircraft Export to IraqKorea Aerospace Industries (KAI) signed a US$1.1 billion deal to export 24 FA-50 light attackers to Iraq, which is the largest-ever export in the defense industry’s history. KAI...
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Foreign Carmakers Increase Relocation of Local Production
Exodus from KoreaRenault is likely to be following the move of General Motors, which recently announced a shift of production of new models away from Korea. According to industry sources on December...
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Google, Facebook, Twitter Eyeing Korean Mobile Ad Market
Mobile Advertising MarketThe world’s leading technology companies Google, Facebook, and Twitter have an eye on the Korean mobile advertisement market. In response, local Internet companies are...
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Global Restructuring Consulting Firms Eyeing Korean Market
Local Restructuring Consulting MarketGlobal restructuring consulting firms and investment companies are rushing into the local restructuring market, which has already reached 40 trillion won (US$37.9...
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STX Dalian Creditor Banks on Verge of Losing All Loans
Liquidation of STX DalianWith the STX Group’s shipyard in Dalian, China around the corner, it has been found that the Korean creditors are on the verge of losing all of the 160 billion won (US$151...
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HP Korea Downsizes Unix Server Business
Hewlett-Packard KoreaHP Korea is reported to have drastically reduced sales personnel for its Unix server business in line with the reorganization of its server unit.According to industry sources on...
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Samsung Electronics’ UHD TVs Dominating European Market
UHD TVs in EuropeIt has been found that Samsung Electronics’ UHD TV products accounted for one half of the European market in just three months from their debut. According to market research firm Gfk,...
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Future Looks Bright for Korean Medical Tourism
KIMTC 2013Chinese cosmetics and beauty consulting franchise company Mimi Consulting Corp. and 440 CEOs from its 220 chain stores will visit Daegu Medical City in January 2014 to hold their annual...
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Renault’s QM3 Model, Made in Spain but Actually Korean?
Controversy on Heritage TracingIndustry insiders are debating on the heritage of Renault-Samsung’s QM3 that the local carmaker now imports from Spain, as the Korea Automobile Importers and Distributors...
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Exports Likely to Log US$5.1 billion in 2013, Games Comprising 60%
Korea’s Content IndustryThe Korean content industry is growing, helped by robust exports of games and a steady increase in domestic sales.According to estimates released by the Ministry of Culture,...
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Korean Stem Cell Drugs Push into Global Market
PharmaceuticalsKorea-based biotechnology company Medipost announced on December 16 that it signed a license agreement with Indian pharmaceutical company Alkem Laboratories Ltd for its stem cell-based...
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Renault Samsung Motors Losing Momentum for Lack of New Product
Restructuring of Samsung RenaultIt has been found that Renault Samsung Motors has been losing its importance in the Renault Group for years. According to Financial Supervisory Service data made...
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33% of KOSDAQ-listed Firms Experienced Extreme Fluctuations This Year
KOSDAQ Fluctuations327 out of the 1,002 KOSDAQ-listed firms showed a price fluctuation rate of over 100% compared to their top prices this year.With the KOSDAQ having dipped below the 500 point mark,...
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Apple Works with TSMC for Manufacturing of A8
Apple’s Independence from SamsungApple is giving concrete shape to various measures to reduce its dependence on Samsung Electronics’ application processors (APs). According to industry sources, Apple...
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Samsung Unveils Investment of US$47.5 B. at President Park’s Visit to FKI
President’s Visit to FKIPresident Park Geun-hye’s visit to the Federation of Korean Industries (FKI) on December 17 is her first visit since December 26 in 2012, when she visited as President-elect....
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Korean Research Team Develops Core Technology for Digital Exposure Equipment
Localization of Key TechnologyA Korean research team consisting of members from both industry and academia have successfully developed key elements of 8th generation digital exposure equipment, or...
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GM Plans to Adopt Voluntary Early Retirement Program Next Year
Restructuring of GM KoreaGM Korea is going to adopt a voluntary early retirement program targeting its non-assembly line workers the first quarter of next year. According to sources at the company, the...
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Hyundai Motor Tops Five Million Units of Cumulative Sales in China
Hyundai Motor in ChinaThe automaker said on December 17 that the annual production of Beijing Hyundai Motor, a joint venture between Hyundai and Beijing Automotive Industry Holding, has surpassed 1...
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More than 40 Million Internet Users with 80% Smartphone Penetration Rates
Digital Population in KoreaThe Ministry of Science, ICT and Future Planning announced on December 16 the results of its study on Koreans’ Internet usage in 2013.According to the study, the number of...
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